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William J. Luther

The Politics of Bitcoin

David Golumbia has a new book titled The Politics of Bitcoin: Software as Right-Wing Extremism. It has received less than stellar reviews from Duke University’s Mike Munger and Bitcoin Magazine’s  Giulio Prisco. So, perhaps I am just piling on. But pile on I must. Here’s the short version: Many see bitcoin as a clever piece […]


Robert Hughes

First Quarter Real GDP Revised Higher While Consumer Sentiment Holds at a High Level

Revisions to first quarter real GDP show the economy expanded at a 1.2 percent annual rate compared to the initial estimate of 0.7 percent. The major contributors to the upward revision were consumer spending, business investment, and government.


Patrick Coate

Cell Phone Plans and the CPI

How much is unlimited data on your iPhone worth to you? In calculating the Consumer Price Index, the average answer is “a lot” — enough to explain a perceived slowdown in inflation, in fact. As other outlets have reported recently, a change in cell service was a major contributor to slowing price inflation in the […]


Max Gulker

Now Is Not the Right Time to Regulate Bitcoin

Regulators should take a wait-and-see approach in rather than crafting new rules for digital currencies now.


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